Finland – Neste has forged a transformative partnership with Suntory, ENEOS, and Mitsubishi Corporation, aiming to revolutionize the production of PET (Polyethylene Terephthalate) resin on a commercial scale.
At the heart of this endeavor lies Neste’s innovative renewable feedstock – Neste RE. This bio-based material, sourced entirely from waste and residues, serves as a formidable alternative to traditional fossil feedstock within the polymers production value chain. With its foundation rooted in sustainability, Neste RE aspires to realign the very essence of plastic production by reducing carbon footprint and circumventing the perils of resource depletion.
Japanese beverage titan, Suntory, embraces the future with fervor by embracing Neste’s renewable PET resin. As a visionary consumer goods leader, Suntory has committed to utilizing this innovative resin to fashion bottles for its products by 2024. This strategic leap marks a resounding departure from conventional plastic production methods, positioning Suntory as a harbinger of change within the industry.
New partners
As the orchestration of this transformative collaboration unfolds, new partners ENEOS and Mitsubishi Corporation rise to the occasion. ENEOS, a Japanese energy powerhouse, adopts Neste RE as a basis for producing bio-PX (Bio-Paraxylene) at its Mizushima Refinery. This bio-PX, a cornerstone of the process, will subsequently be converted into PTA (Purified Terephthalic Acid) – a precursor to PET resin. The complex chemistry at play exemplifies the intricate interdependence of value chain partners, each contributing a piece to the puzzle.
Crucially, this partnership hinges upon a mass balancing approach, a testament to the meticulous planning that underpins sustainable industrial transformations. The bio-based materials sourced from Neste RE will be meticulously allocated to the production of PET bottles, ensuring an ethically sound and environmentally conscious approach to plastics manufacturing.
